Kayne Anderson Rudnick Investment Management LLC Decreases Stock Position in CAE Inc. (NYSE:CAE)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 49.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932,365 shares of the aerospace company's stock after selling 927,771 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.29% of CAE worth $23,663,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Asset Planning Inc bought a new position in CAE in the fourth quarter worth approximately $30,000. Natixis acquired a new position in shares of CAE during the fourth quarter worth approximately $38,000. UniSuper Management Pty Ltd bought a new position in shares of CAE in the 4th quarter worth $147,000. Allworth Financial LP lifted its holdings in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after purchasing an additional 913 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in CAE in the 4th quarter valued at $213,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAE has been the topic of a number of recent research reports. TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Royal Bank of Canada restated an "outperform" rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group upped their price target on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, CAE currently has a consensus rating of "Hold" and a consensus price target of $32.00.

CAE Stock Performance

Shares of CAE traded up $0.60 on Wednesday, reaching $24.05. 360,512 shares of the company's stock traded hands, compared to its average volume of 569,128. The stock's 50 day simple moving average is $24.09 and its two-hundred day simple moving average is $22.91. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The stock has a market cap of $7.70 billion, a PE ratio of -46.25, a PEG ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, analysts forecast that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.